Monday, July 11, 2016

World Graphene Market Expected to Reach $151.4 Million by 2021

Big Market Research has recently added a report titled,
"World Graphene Market-Opportunities and Forecasts, 2014-2021.” The
projected figures in the report indicate that the global sales of graphene
would reach $151.4 million by 2021. Graphene Nano Platelets (GNP) segment,
specifically, is expected to generate about two-thirds of the overall market
revenue by 2021. Among all geographies, the Asia-Pacific region in graphene market
is estimated to grow at the highest CAGR of 47.7% during the forecast period.

Graphene, is referred to as the "wonder material" in the
industry owing to its exceptional strength and fineness. It displays several
advantageous characteristics, such as high mechanical strength (about 200 times
stronger than steel) as well as remarkable electrical and optical properties.
It can be placed in various end applications including the development of
Radio-frequency Identification (RFID), composites, sensors, energy storage,
functional ink, and polymer additives. However, considering the high costs of
manufacturing equipment and technological limitations associated with its mass
production are principle factors that hinders the growth of the industry. Heavy
investments, aimed at improving production capacity and increased focus on
strengthening research and development activities felicitate the evolution of
novel and innovative products.

Out of all contemporary types, analysts expect GNP to continue
with its lead in the overall market till 2021. Monolayer and bilayer graphene
types would emerge as lucrative segments in the present decade, registering a
CAGR of 41.5% during 2014 and 2021. This considerable growth can be attributed
to the potential these material hold in electronics, energy storage, 3D
printing, and suchlike applications. In the year 2014, more than three-fourths
of the net graphene volumes produced, was solely used for R&D applications.
Energy storage application segment is expected to grow at the highest CAGR of
93.2% during the analysis period. The composite application segment accounted
for the second highest share in the world graphene market in 2015.

The Europe and Asia-Pacific region collectively, account for about
35% share of the world graphene market during 2015. North America reportedly
claimed about two-thirds of the world graphene market shares the same year,
owing to the corresponding overall increase in demand for graphene in research
institutes, universities, and R&D units of companies such as IBM, Intel,
Nokia, Samsung, and others. However, the expected emergence of the Asia-Pacific
region as global dominant due to the huge opportunities in electronics and energy
storage industry, especially in China, Japan, Taiwan, South Korea, and India.